Goods and Services Tax (GST) is an indirect taxation system wherein existing taxes are combined into one. It merge together most of the taxes like VAT, Service Tax, Excise Duty, Customs Duty, etc. The outset of such a system is considered to be a significant reform in the existing mechanism of indirect taxation in India. The simplicity of this system is also expected to bring about easier enforcement, implementation and administration.
The entire procedure is paperless and as such even the existing dealer will also have to apply for online registration. The last date for registration has been announced and it varies from state to state. It has thus become very vital to look at the registration procedure for GST.
Documents Required for GST Registration:
A proprietorship form of business requires PAN Card of proprietor and address proof of the individual. Whereas, LLP has to furnish PAN Card of LLP, LLP Agreement and the Partners’ names and address proof.
In case of a Private Limited Company, Incorporation certificate,PAN of Company,
Articles of Association, Memorandum of Association, Resolution signed by board members, and Identity and address proof of directors is mandatory.
Procedure for Registration:
- Preliminary Details:The applicant needs to create a login account on the GST portal in order to start the registration procedure. The details of the preliminary registration are then verified via generating One Time Password (OTP) on the mobile number provided by the applicant.
- Submission of Application:After the basic verification is completed, the applicant needs to fill all other details. This step comprises of fulfilling formalities and uploading required documents then submitted online through FORM GST REG-02.
- Verification by GST Officer:After the application is submitted, it is forwarded to GST Officer for verification. The Officer examines the application and the documents attached with the same. The deficiencies in application or the approval of application by the Officer needs to be communicated within 3 working days. After getting the deficiencies, applicant will have to respond within 7 working days through FORM GST REG-04.
If there is response by the Officer either with deficiencies or approval then the application for grant of registration shall be deemed to have been approved.
- Certificate of Registration: On approval of the application, a registration certificate is issued through a common portal in FORM GST REG-06. Such a certificate can be downloaded with ease from the common portal using their log in details.
It is to be noted that if the applicant has different branches in different states then the applicant needs separate registration for each state.
Author: This blog is written by Ms. Adila Qadir, a passionate blogger & intern at Aapka Consultant.
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